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HomeMy WebLinkAbout2023-03-30 TROC Results Timber Ridge Operating CommitteeResults Thursday, March30, 2023 10:00AM 11:00AM Zoom Virtual Meeting 75 South Frontage RoadWest, Vail, CO 81657 MembersPresent:Members Absent: Kathleen Halloran, Deputy Town ManagerRussell Forrest, Town Manager George Ruther, Housing Director Greg Hall, Public Works Director Carlie Smith, Finance DirectorJohn King, Facilities Manager Corum Property Management: Erica Weston Regional Portfolio Manager JocelynGarciaProperty Manager Staff: Missy Johnson, Housing Coordinator A quorum of the Timber Ridge Operating Committee (Committee) members being present the meeting was called to order at 10:00AM. The approval of February minutes wasmoved to the next meeting because a quorum that had been present at the February meeting was not present. The committee discussed the process for large expenditure items with the request from finance to notify the financeteam when an item is expected to be added through supplemental. The committee discussed the upcoming timelines and the Vail Resorts Master Lease renewal. Ruther provided an update regarding the Timber Ridge Projectand the team discussed the key next steps around the Timber Ridge Tenant Communications plan which will come from Corum regarding lease renewals, opportunity to exit leases early without penalty and the reminder of deposits to cover costs of damages if necessary. Scenarios were discussed regarding the transfer or deposits from one community housing to the next but final decisions were not made. The Committee agreed no further business to discuss. Meeting adjourned at 10:35AM. Next Meeting April 25, 2023. Respectfully submitted. Missy Johnson, Housing Coordinator